Saks Global received approval for its reorganization plan. The U.S. Bankruptcy Court for the Southern District of Texas granted this approval. The retailer will lay off 16 percent of its corporate workforce. This reduction impacts approximately 640 jobs. Saks Global plans to emerge from bankruptcy this summer.
New York
https://nationaljeweler.com/articles/14939-saks-global-begins-layoffs-reorganization-plans-approved